17-28: Update to the BE Rate Sheet Interest Rate Structure

PennyMac is pleased to announce the addition of the 4.060% interest rate for Conventional 25/30 Year Fixed products onto the Best Effort rate sheet. Commencing with Best Effort rate sheet publication on Thursday, August 24, 2017, the 4.060% interest rate will appear in between the 4.000% and 4.125% note rates, and the 5.250% note rate will no longer appear on the rate sheet for Conventional 25/30 Year Fixed Products only. The following Best Effort grids will be impacted by this shift in published interest rates:

Updated Product Grids

Conventional 25/30Yr Fixed High Balance

Conventional 25/30Yr Fixed >200K

Conventional 25/30Yr Fixed >175K and <= 200K

Conventional 25/30Yr Fixed >150K and <= 175K

Conventional 25/30Yr Fixed >125K and <= 150K

Conventional 25/30Yr Fixed >110K and <= 125K

Conventional 25/30Yr Fixed >85K and <= 110K

Conventional 25/30Yr Fixed <= 85K

Complete sample rate sheet(s) will be posted to the PennyMac Portal after 6:00 PM (PST) on Tuesday, August 22nd, 2017. Sample rate sheet(s) will be available for download shortly after the standard rate sheet email notification is sent from ‘PennyMac Correspondent Pricing’ <Send email to ["donotreply"]. >.

Note: Sample rate sheet(s) posted to the Portal after 6:00 PM (PST) are intended only to communicate the rate sheet changes as described above. Loan program base pricing will be blank. Rate sheets posted the following morning will be effective for new commitments.